Camtek Ltd. (NASDAQ:CAMT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in Camtek Ltd. (NASDAQ:CAMT) by 63.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,540 shares of the semiconductor company’s stock after selling 118,400 shares during the period. Renaissance Technologies LLC’s holdings in Camtek were worth $5,617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CAMT. HighTower Advisors LLC lifted its position in Camtek by 75.6% in the fourth quarter. HighTower Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 4,272 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Camtek by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,150 shares of the semiconductor company’s stock valued at $2,031,000 after purchasing an additional 381 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Camtek by 77.3% in the 3rd quarter. Stifel Financial Corp now owns 3,151 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 1,374 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Camtek by 9.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 963,874 shares of the semiconductor company’s stock worth $77,852,000 after buying an additional 81,709 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in Camtek by 6.0% during the fourth quarter. Y.D. More Investments Ltd now owns 525,413 shares of the semiconductor company’s stock worth $42,905,000 after buying an additional 29,580 shares during the period. Institutional investors and hedge funds own 41.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAMT shares. Bank of America lowered their target price on shares of Camtek from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Barclays lowered their price objective on shares of Camtek from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Northland Securities upped their target price on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. StockNews.com lowered Camtek from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Finally, Cantor Fitzgerald initiated coverage on Camtek in a research note on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Camtek has a consensus rating of “Moderate Buy” and an average price target of $107.50.

Camtek Stock Up 4.2 %

Shares of NASDAQ CAMT opened at $60.37 on Monday. The company has a quick ratio of 4.11, a current ratio of 5.00 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $67.11 and a 200 day moving average price of $77.40. Camtek Ltd. has a 52 week low of $47.41 and a 52 week high of $140.50. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Camtek had a return on equity of 24.99% and a net margin of 27.61%. Equities research analysts anticipate that Camtek Ltd. will post 2.93 EPS for the current fiscal year.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.